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Sorry you had such a bad experience, but I would like to challenge you to share the exact trades that lost you money. I followed his free content for 2 years in 2009 and 2010, made a killing, and now I subscribe. He is up over 25% since he started his trading program in December. John has a very transparent trading book. 19 of his 22 trades are winners.
How anyone can claim they lost so much money with this service is beyond me. Its true that if you missed December, you have smaller gains, but still a net gain. This is the closest thing to the real deal as i have ever found, and for many investors its the closest thing they can get to a read hedge fund.
Lastly, all of the archives on his site are available for free.
I notices you specify yourself as a currecny trader. 2 of the 3 losing trades were currency trades, so maybe you only took on those trades? Even if this were the case, your maximum loss should have been less that 5% of your portfolio if you bought and sold when he did. Hardly lawsuit material.
You come to a trading forum regarding the "regulation of financial advice given over the internet."
Interesting. With all of these templates and strategies that are shared over this forum you wouldn't think places like this would fall under that? You put one little toe over the line - the government will push over the rest of your foot.
Aren't you in a way seeking financial (and legal) advice AGAIN over the internet in terms of filing a class action suit? lol
Id like to thank all who have contrbed to this blog. I was researching b4 joining. I agree with others that he is not so much an analyst as a journalist who has found the value in attending $ plate lunches so he can name drop. Specialising in Macro makes life easy...... there'll be 200 mil more mouths to feed in 5 years.....buy food !
Stemplar..... cool down or yourll burst a blood vessel !!!! He really didnt promise you a fortune....he promised you COULD make a fortune IF ....! But I would certainly reco you enquire about his 'limited to 500 subscriptions' claim. Lets see: $2k ish pa x 500 hardly pays for him, his employees, advertising, office costs and all those lunches. Such charity is to be admired......Apparently he charges some of his high roller hedge fund clients that much each.
